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165 contributions to Commercial Real Estate 101
The higher you go the stronger you become
This guy had two rare cancers and was given 14 days to live. He has now climbed Everest with one lung. Ran 7 iron man, 7 different continent in 7 days. Just insane https://youtube.com/shorts/pavM9mdDwDc?si=fpvxfTaMfA31zow4
4 likes • 8d
I feel the connection. Thanks for the share!
Stay Focused!
Howdy — just a quick reminder to stay focused over the Christmas break. Rest up, enjoy the time, but come back ready to take massive action like never before. Don’t live life by default. Live life by design. Wishing everyone a great Christmas and an even stronger New Year.
Stay Focused!
0 likes • 13d
Well said!
It's not commercial...4-unit analysis...yikes..
Sharing a quick underwriting example from a recent 4-unit analysis. I applied my commercial minimums and pro-forma which I've been told not to speculate.... I’m not pursuing this deal, but it was a good exercise in how small pricing corrections and thoughtful financing structure can significantly change deal performance. The Seller will most likely NOT take my offer since she is making more monthly than what I would be paying her every month. - Seller Price: $245K - Assignment Fee: $10K - Total Price: $255K - Down Payment: $25K - Seller Financing: $230K at 3% interest-only Current rents are $3,270/month. Using a 40% expense ratio, NOI is approximately $23,544/year, which puts the in-place cap rate around 9.2%. With a very modest rent normalization of $250/month total ($62.50 per unit), NOI increases to roughly $26,544/year, resulting in a pro-forma cap rate of about 10.4%. Under the interest-only structure, monthly debt service is about $575, and post-adjustment cash flow is roughly $1,600/month, with a DSCR near 3.8. As the Seller would you accept this deal from me?
It's not commercial...4-unit analysis...yikes..
2 likes • 16d
A couple other thoughts... - the value of a 4 unit property is determined by comparable sales, not the cap rate. - depending on the end buyer, you may need to track the CoC of any offer you make. Different buyers have different criteria for investing, but CoC seems to be a common sticking point.
Keep running out of time? Try this:
Due diligence is one of the biggest silent killers of deals — especially for newbie who don’t realize the game is more clock management than contract magic. Here’s how pros stay ahead of the squeeze: ⏳ 1. Ask for extensions BEFORE you need them. You plant the seed early: “Market’s been slow getting appraisals back…” “We’re waiting on docs the seller should be sending…”This makes delays normal — and extensions easier. 📄 2. Use the contract to buy yourself more time. Most sellers THINK they’ll send you documents quickly.Reality? It takes them 4–8 weeks — every time.That delays the Effective Date and stretches your runway. 📬 3. Document EVERYTHING. Weekly email updates = legal cover. You’ll never get blamed for delays you didn’t cause. 🏆 4. And when the deal is HOT? Sometimes you take the shorter window. You don’t lose a $150K+ payday arguing over 5 extra days. The real skill isn't due diligence…it’s controlling the clock. 💬 What’s the longest DD extension YOU’VE successfully negotiated? Drop it below — someone here needs your wisdom.
0 likes • Dec '25
Words of wisdom @Paul Thompson ! Consider that you'd be sacrificing the calls you made, the letters you wrote, and the time you spent just because time got away from you. There's also the minor issue of your network contacts that contributed to finally getting the deal under contract. Don't let the time the spent and the effort they made go up in smoke because a deadline slipped past! To answer the question, my longest DD period was for 180 days - for a piece of land that needed to be rezoned.
Rise and Shine - Deal Finders!
If you're not making calls today..... Why NOT??
Rise and Shine - Deal Finders!
3 likes • Nov '25
@N M Just of few of the ducks... the market changes, the seller's motivation is a moving target, other players join or abandon the property / listing, etc. The bottom line is that you need to make the calls, overcome any anxiety, and smooth your delivery. Regardless of the outcome, add the lead for follow-up, and move on to the next call. There will be mistakes from time to time, but they'll become less and less frequent, and those that do occur are more easily dealt with as time goes on. Set a date, learn a bit until that date, and begin making calls on that date. A goal without a deadline is just a dream.
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Dennis McNeely
5
293points to level up
@dennis-mcneely-5394
I'm a broker interested in acquiring NNN properties in southern MI, as well as in wholesaling NNN properties in the rust belt (MI, OH, IN, IL, & PA).

Active 1d ago
Joined Oct 3, 2024
ENTJ
Gibraltar, MI
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